3
THURSDAY, JUNE 12, 1986
HE DESCRIBED THE ESSENTIAL AND POSITIVE SUPPORT ROLE OF THE GOVERNMENT IN THE DEVELOPMENT OF THE INDUSTRIAL SECTOR AS BEING TO PROVIDE THE LAND, THE INFRASTRUCTURE, AN EFFICIENT TRANSPORT SYSTEM, AND AN EDUCATED AND SKILLED WORKFORCE.
THE GOVERNMENT ALSO HELPED TO UPGRADE MANAGEMENT AND TO IMPROVE PRODUCTIVITY, ASSISTED AND ENCOURAGED RESEARCH, AND AIDED THE MARKETING OF PRODUCTS OVERSEAS.
HE ADDED THAT THE GOVERNMENT-COMMISSIONED STUDY OF THE PLASTICS INDUSTRY, JUST PUBLISHED, SHOULD PROVIDE VALUABLE INFORMATION ON THE WAY AHEAD.
SIR DAVID PRAISED THE DOW COMPANY FOR ITS IMAGINATION AND FORESIGHT IN DECIDING TO INVEST IN THE TSING YI POLYSTYRENE PLANT WHICH NOW PROVIDED HONG KONG INDUSTRY WITH 40 PER CENT OF ITS NEEDS AND IN ADDITION EXPORTED A SIGNIFICANT QUANTITY OF ITS OUTPUT.
HE SAID +DOW WERE GRANTED THIS SITE AS PART OF OUR POLICY TO HELP SPECIAL INDUSTRY WITH SPECIAL NEEDS. TODAY 56 FACTORIES HAVE BEEN GRANTED LAND IN THE INDUSTRIAL ESTATES OF TAI PO AND YUEN LONG BECAUSE THEY BRING NEW TECHNOLOGY TO HONG KONG AND CANNOT FIT INTO A CONVENTIONAL MULTI-STOREY FACTORY BUILDING.
+WHEN DOW CAME TO TSING YI IN 1976 THE BRIDGE TO TSING YI WHICH WAS TO TURN TSING YI FROM A QUIET RURAL ISLAND INTO AN IMPORTANT INDUSTRIAL AND RESIDENTIAL CENTRE, HAD JUST BEEN BUILT. TODAY A SECOND BRIDGE WHICH WILL BE COMPLETE IN 15 MONTHS' TIME IS RAPIDLY TAKING SHAPE AND TSING YI WILL HAVE A POPULATION OF 200 000 BY 1990.+
STORAGE, FINANCING, BUSINESS SERVICES SURVEY RESULTS OUT
******
THERE WERE 191 STORAGE ESTABLISHMENTS IN OPERATION DURING THE WHOLE OR PART OF 1984, REPRESENTING A DECREASE OF 5 PER CENT OVER 1983, ACCORDING TO THE SUMMARY RESULTS OF THE 1984 SURVEY OF STORAGE, COMMUNICATIONS, FINANCING, INSURANCE AND BUSINESS SERVICES RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
THE SECTOR'S TOTAL NUMBER OF PERSONS ENGAGED ALSO DECREASED, BY PER CENT TO 476, THESE ESTABLISHMENTS GENERATED $915 MILLION OF USINESS RECEIPTS AND OTHER INCOME (A DECREASE OF 8 PER CENT COMPARED WITH 1993).